Viper Energy (NASDAQ:VNOM - Free Report) had its price target trimmed by KeyCorp from $62.00 to $56.00 in a report published on Monday, MarketBeat.com reports. The brokerage currently has an overweight rating on the oil and gas producer's stock. KeyCorp also issued estimates for Viper Energy's Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.36 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.60 EPS and FY2026 earnings at $2.38 EPS.
Other equities research analysts also recently issued research reports about the company. Truist Financial cut their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Mizuho assumed coverage on Viper Energy in a research note on Monday, March 31st. They issued an "outperform" rating and a $56.00 price target on the stock. Evercore ISI upped their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, Raymond James reiterated an "outperform" rating and issued a $58.00 target price (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.15.
Check Out Our Latest Stock Analysis on VNOM
Viper Energy Price Performance
Shares of NASDAQ VNOM traded up $0.58 during midday trading on Monday, reaching $41.58. The company's stock had a trading volume of 495,924 shares, compared to its average volume of 1,294,901. Viper Energy has a one year low of $34.71 and a one year high of $56.76. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 17.85 and a beta of 1.23. The company has a 50 day moving average price of $42.60 and a 200 day moving average price of $48.05. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.
Viper Energy Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is 32.70%.
Institutional Investors Weigh In On Viper Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Viper Energy in the 4th quarter valued at approximately $95,505,000. Freestone Grove Partners LP acquired a new stake in Viper Energy in the fourth quarter valued at approximately $19,469,000. T. Rowe Price Investment Management Inc. grew its position in Viper Energy by 20.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer's stock worth $113,324,000 after acquiring an additional 389,473 shares in the last quarter. Invesco Ltd. increased its stake in shares of Viper Energy by 164.3% during the 4th quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer's stock worth $28,296,000 after purchasing an additional 358,487 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after purchasing an additional 310,890 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.
Viper Energy Company Profile
(
Get Free Report)
Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
See Also
Before you consider Viper Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viper Energy wasn't on the list.
While Viper Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
